MINING NEWS.

New Zealand Herald, Volume LIII, Issue 16215, 28 April 1916, Page 3

MINING NEWS.

WAIHI GRAND JUNCTION. £16,066 FROM 10,300 TONS. TOTAL TO DATE. £1,233,177. For the period ended April 15 tho Waihi Grand Junction Gold Company, Ltd., treated • 10,300 tons for a return of bullion valued at £16,066 2s lOd. Compared with the figures for the corresponding period of last year, when 10,010 tons yielded £17,573 4s 2d, the present return shows a decrease of £1507 Is 4d. The total amount of bullion won from tho mine to date is £1,283,177 8s lid, as shown in the following able :— £ s. d. To «nd of 1907 89.626 14 8 In 1908. 40,060 tons ... ... 70,918 13 9 In 1909. 69,147 tons 99,916 3 8 In 1910, 83,313 tons 133,522 13 7 In 1911. 105,956 tons ... .. 150,729 10 0 In 1912, 41,712 tons 73,863 9 9 In 1913, 98,372 tons 180,119 2 9 In 1914, 115,710 tons 227,600 3 2 In 1915, 125,800 tons 200,269 1411 Total _ £1,226,566 6 3 Period ending— February 19, 1916, 15,910 tons 24,024 3 6 March 18, 1916, 10.110 tons 16,620 16 5 April 15. 1916, 10,300 tons 16,066 2 10 Total £1,283,177 8 11 Total dividends paid to date £160,000 0 0 Tho following is a copy of a cablegram sent to the London office of the company:—"No. 7 level: Empire footwall lode, west —Breaking down from 500 ft to 510 ft; the average width is Bft; high grade. No. 7 level : Royal lode— Tho west drive has been advanced to 851 ft/ the average width is 4ft 9in, value £1 2s 8d a, ton. No. 3 Rise (at 780 ft) has been put up 27ft; the average assay value is £3 per ton."

KEEP-IT-DARK MINE. PURCHASE BY CHRISTCHURCH SYNDICATE. [BI TELEGBAPE.— CORRESPONDENT,] i''nitiSTCHUßcn, Thursday. The old Keep-it-Dark mine at Rcefton has been purchased by a syndicate of Christchurch gentlemen. The " Dark," as it is called in Reefton, has returned £153,176 in dividends, and its original capital was about £7000. The new owners, who include Mr. J. B. Laurenson, Mayor of Sumner, and Mr. R. Wilson, managing director of tho Boatman's Consolidated, intend to work the property on the most scientific lines.

WAIHI. The following cablegram has been despatched to the London office of the Waihi Gold Mining Company No. 11 level, Edward lode: Driving south frjm Sprat crosscut, 31ft was driven, 521 ft to 552 ft, value 7s 6d a ton; Empire lode, east of Bath crosscut, 32ft was driven, 392 ft to 424 ft, value 27s 9d a ton; Royal lode, west of Princess drive, 36ft was driven, 20ft to 56ft, value 9s 6d a ton."

NEW WAITAIA. The manager of the New Waitaia mine, Kuaotunu, reports that both stopes above tho low level are showing a good deal of country rock intermixed with the ore, and values have decreased. Above the intermediate level the front stope is carrying about 9in of payable ore showing visible gold. The ore in the back stope is still very rough and of low grade. At the intermediate level, in the Mountain King section, the reef has carried fair oro for the last 9ft, but a leader is striking across the face. Generally the reef is much more erratic than usual at ti.is section of the mine and changes very quickly., UNITED. The pipe line bench in the United mine, Maratoto, is nearly finished. The manager reports that the precipitating house is now covered in. The pipes will be laid on without delay.